US Dollar softens as oil and gold rally, ECB decision and Australian jobs loom
The US Dollar trades slightly lower on Wednesday as markets remain cautious amid escalating tensions surrounding Iran and the Strait of Hormuz. The US Dollar Index (DXY) slips toward 101.10, helping the Euro recover modestly, while most other major currency pairs remain relatively stable. Risk sentiment remains fragile after US President Donald Trump warned that […]
XAG/USD struggles to build momentum above $60.00
Silver (XAG/USD) trades with modest gains on Wednesday, supported by a slight pullback in the US Dollar (USD). However, the metal lacks strong upside momentum as traders weigh energy-driven inflation risks and their impact on the Federal Reserve’s (Fed) interest-rate outlook. At the time of writing, XAG/USD trades around $59.90 after hitting a two-week high […]
Fiscal execution to support growth – Standard Chartered
Standard Chartered economists Carol Liao and Shuang Ding argue that China’s July Politburo meeting will prioritise implementation of existing fiscal plans over new stimulus. They expect fiscal execution to accelerate in H2 after a marked slowdown following front-loaded Q1 spending. Infrastructure investment is likely to rebound, with spending increasingly directed toward AI-related and green-transition projects […]
Wait-and-see stance holds – Societe Generale
Societe Generale economist Sam Cartwright analyzes June United Kingdom (UK) inflation, noting headline Consumer Price Index (CPI) at 2.6% year-on-year, below Bank of England (BoE) projections, with core inflation steady at 2.6%. The report highlights fuel-driven disinflation, limited indirect energy effects, and only modest expected core inflation increases. Cartwright forecasts Bank Rate staying at 3.75% […]
Remains below 50-day EMA near the confluence of 1.3400
GBP/USD remains steady after four days of losses, trading around 1.3370 during the European hours on Wednesday. The pair is holding a mildly bearish near‑term bias as spot remains capped beneath the 50‑day and nine-day Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) at 49.56 sits near the neutral line, hinting at consolidative […]
Swiss Franc weakens as risk aversion support US Dollar
USD/CHF continues its winning streak for the third successive day, trading around 0.8130 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) receives support from growing risk aversion tied to escalating geopolitical tensions between the United States and Iran. US President Donald Trump downplayed the likelihood of immediate negotiations with […]
US President Donald Trump approves US-Saudi Arabia nuclear deal
US President Donald Trump approved a landmark agreement with Saudi Arabia that could potentially provide the kingdom with uranium enrichment capability for its civilian nuclear program, the Wall Street Journal reported on Wednesday. Citing US officials, the source said the deal, which would last 30 years, is estimated to be worth tens of billions of […]
Iran says interests of US and its allies will be targeted if US strikes Iran’s nuclear sites
Iran’s top joint military command said that Tehran will expand its strikes and target the US and its allies’ interests across the region if the US attacks Iran’s nuclear sites, Xinhua news agency reported on Tuesday. Iranian State TV reported that if the US attacks Iran’s nuclear sites, it will be an expansion of war […]
Federal Reserve seen holding rates next week amid Oil shock ‒ Reuters
A Reuters poll revealed that the Federal Reserve is most likely to keep interest rates unchanged for the rest of the year as it battles stubbornly high inflation that has remained above the Fed’s 2% goal for at least 5 years. Money markets are pricing in two rate hikes by the end of Q1 2027, […]
Reform-driven support for won – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim highlight that the South Korean government has unveiled a major South Korean Won (KRW) internationalisation roadmap, including unlimited KRW transactions with foreign institutions from January 2027 and broader access to onshore markets. They argue these reforms should lower the risk premium, deepen offshore liquidity and improve foreign access, […]
